Simple equation - projected stock price Q4 vs Q16 months ago vs today (Keep in mind not taking into account that Trevali was mostly hedged for all of 2021 so Q1 if the first quarter that only Caribou is hedged)
OCT 2021 Trevali stock price $2.60, zinc average for quarter $1.30/lb
MAR 2022 Trevali stock price X, zinc average for quarter $1.70/lb
Simple equation;
TV $2.60 Zinc avg $1.30
X $1.70
X = $3.40 per share (this is still undervalued as TV had earnings of 0.35 cents for all of 2021 and should have projected earnings of 0.30 t0 0.40 cents per quarter!)
three, two, one, liftoff!!!!